Sunday, November 24, 2024

GE CEO Flannery Talks Baker Hughes – GE Future

The history of GE dates back to Thomas A. Edison. In 1876 Edison opened his Menlo Park, NJ, laboratory, from which came perhaps the greatest invention of the age – a successful incandescent electric lamp. In 1890, Edison established the Edison General Electric Company by bringing his various businesses together. Two years later Edison’s company combined with a competitor. They called

Breakevens Achievable, but Returns Elusive: KLR

All major oil basins can break even currently; Marcellus is only gas play breaking even Project breakevens have fallen below market prices, but generating returns continues to challenge producers, according to new analysis from KLR Group. John Gerdes, Head of Research at KLR Group, released estimates of breakeven costs for various U.S. unconventional basins today. According to Gerdes, most oil

ConocoPhillips Doubles Down on $50 Oil

Sustaining capital only $3.5 billion ConocoPhillips (ticker: COP) held its annual investor meeting earlier this month, outlining the company’s strategy in the coming years. ConocoPhillips intends to stick with its current strategy, prioritizing returns over growth. This plan was unveiled last year, when the company retooled itself for $50 oil. While most oil and gas companies turned to higher growth,